Senate Cmte Approves McMahon for SBAFebruary 1, 2017
On Tuesday, Jan. 31, the Senate Committee on Small Business and Entrepreneurship approved the nomination of Linda McMahon as Administrator for the U.S. Small Business Administration (SBA). McMahon won broad bipartisan support with a vote of 18-1, with Sen. Cory Booker (D-N.J.) casting the lone no vote. This vote clears McMahon’s nomination for a full vote by the Senate, yet a timeline for that vote to happen is not clear.
The SBA provides many critical resources for America’s small businesses, from lending programs to technical assistance to federal contracting support. Responding to her confirmation hearing last week, NSBA President Todd McCracken stated, “Mrs. McMahon expressed a high understanding of the unique challenges facing America’s small businesses, and we believe her perspective will make her a strong advocate for small business.”
When asked about her stance on consolidating the SBA with the Department of Commerce, McMahon said she has supported reducing duplicative programs, however believes that SBA needs to continue as a separate entity and does not support combining SBA with Commerce. McMahon also underscored President Donald Trump’s support of SBA by maintaining its Cabinet-level position.
McMahon highlighted the need for tax reform that includes pass-through entities—which comprise 83 percent of all small businesses— ensuring parity for the smallest firms with larger firms when it comes to tax reform legislation. She also expressed support for a strong SBA Office of Advocacy with enhanced ability to affect the regulatory process as part of a broader need to ease and reduce the regulatory burden facing small firms.
NSBA urges the Senate to move quickly on the nomination.